BTC, SOL, LUNA, DOGE and AVAX Price Analysis for January 30
On the last day of the week, bulls were unable to hold the initiative as most of the coins are back in the red zone.
While altcoins are falling, Bitcoin (BTC) price is up 0.48% since yesterday.
On the daily chart, Bitcoin (BTC) is closing in on the resistance level at $39,573. If buyers can break through and resolve the above, the correction could be turned into medium-term growth. Such a price promotion is relevant until mid-February.
Bitcoin is trading at $37,997 at the time of writing.
Solana (SOL) was unable to follow the rise of Bitcoin (BTC) with a drop of 2.12%.
After SOL bounced off the support level at $87.73, the price continues to trade sideways, gathering strength for a further sharp move.
In this case, one should pay close attention to the $104.82 level, the possible breakthrough of which could be a prerequisite for continued growth.
SOL is trading at $94.83 at the time of writing.
LUNA is the biggest loser of the list, with a drop of 7.43%.
LUNA looks much worse compared to other altcoins. The price is returning to the recently tested support level of $47.44 on the daily time frame. If the bears manage to break it, the decline could continue to the next level at $37.88 in the coming days.
LUNA is trading at $48.74 at the time of writing.
DOGE’s price has remained virtually unchanged since yesterday, falling just 0.53%.
Despite the decline, DOGE is trading sideways as the price is between the USD 0.1310 support and the USD 0.1506 resistance.
At the moment, the price is closer to the resistance, which means that bulls are more powerful than bears to some extent. In this regard, if buyers remain above the $0.15 zone, the gain may soon continue to $0.16.
DOGE is trading at $0.1425 at the time of writing.
Avalanche (AVAX) is no exception to the rule, falling 1.17%.
AVAX is closer to the resistance level at $76.57. The sales volume has decreased, causing bears to lose their initiative. If buyers can seize this opportunity and return the rate above $80, AVAX could return to the medium-term bullish trend.
AVAX is trading at $69.50 at the time of writing.